Stock valuation is a crucial part of doing business and this not an overstatement. If not done properly, stock valuation can affect a business’ ability to meet objectives, and may result in serious consequences for the business. Another reason to perform stock valuation such retail stocktaking and food & beverage stocktaking is fulfilling legal […]
Why is Stocktaking Important
Is it necessary? Do I need a stocktake at all? Should I put it off for later? If you’ve been thinking like this lately, then you’ve come to the right place To answer the first question, stocktaking isn’t important for your business, it is essential for it. Stocktaking is an important business practice […]
Using Your Customers to Help Protect Your Stock
With the recent supplier price increases, many businesses have decided to round up their prices to even money like €5.00 ect. Indeed, this will save on the purchasing of small change, but there is one major drawback that many have failed to notice. Food & Beverage Stocktaking have always recommended never to implement the above […]
Simple Steps To Increase Beverage Margins
Apart from increasing the selling prices of your products, there are some other simple ways to increase your beverage margin. Use of optics – This will eliminate waste as free pouring tends to costs more. Shop around for the best cost price & keep an eye on 1 free with 5 as you are more than […]
Why Are Your Food & Beverage Margins Lower than the average
If you think your margins are lower than they should be, ask yourself the following – Is my selling price lower than that of the average in my area? Are my cost prices higher than the average? (some suppliers offer better credit terms in exchange for higher cost price). How is my sales mix? Is draught […]
Knowing Your Food Margins
In the second part of our knowing your margins series, today we concentrate on food margins & in particular, main courses. As before, just download from the link below. The food cost is displayed on the left hand side, with the selling price (inc vat) displayed from left to right. The vat is reduced from the calculation in […]
Knowing Your Wine Margins
Do you know what the percentage profit your making on your wine? Download the link below to look up your cost & selling prices to display the margin you are achieving. The selling price has the vat reduced for you to display an accurate margin. Food & Beverage Stocktaking Wine Porfit Analyser Food & Beverage Stocktaking offer continuous advice to all our […]
Welcome to Food & Beverage Stocktaking new look website
We are always listening to our clients needs & we are proud to release some new reports in our Food Stocktaking Division. Our cost price monitoring service has been a success, but now to the next stage. When your food cost price changes, the cost of the recipe within your menu also changes. A report is produced […]
